2902 S Atlantic Avenue, Cocoa Beach, FL 32931
$975,000
Property Type:
Residential Income
Square Footage:
6,424
Lot Size (sq. ft.):
20,038
Status:
Closed
Current Price:
$975,000
List Date:
11/30/2015
Last Modified:
10/23/2024
Description
A HIDDEN TREASURE! This income producing property sets on .46 acres with over 100 ft. Direct Banana River Frontage. Two docks,boat lift and Coquina Seawall.14 units total; 2 direct river view, 1 partial view from balcony, the remaining 11 have no water view. Office, Laundry and storage are separate rooms/areas. All so close to the ocean, approx. 200ft to beach.Currently operated as Dolphin Inn, this is a turn key business. Potential for even more income!! All units nicely done, 13 of 14 have remodeled bathrooms. Guests can enjoy BBQ grills, fishing & Kayaking, 2 covered decks to enjoy beautiful sunsets, dolphins & manatees. Long-term rentals or re development potential. Close to restaurants & PAFB. More details available upon request
More Information MLS# 740895
Location, Tax, and Legal
Tax Account: 2520409
Parcel Number: 25-37-26-50-0000g.0-0009.00
General County Location: Central
Elementary School: Roosevelt
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 8818.56
Tax Year: 2015
Tax Legal Description: LOTS 9 TO 12 & CLOSED ST ON W BLK G
Directions: A1A south to just past 29th Street. Across from Taco City.
General Property Information
Number Of Units Total: 14
Living Area: 6004
Living Area Source: Public Records
Building Area Total: 6424
Lot Size Acres: 0.46
Lot Size Square Feet: 20038
Association YN: No
Garage YN: No
Property Use: 0351
Garage Spaces: 0
Carport YN: Yes
Carport Spaces: 1
Waterfront YN: Yes
Water Body Name: Banana River
Open Parking Spaces: 15
Use Code: 03
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 199.87
Sold Price/SqFt: 162.39
Year Built: 1956
Remarks and Miscellaneous
Public Remarks: A HIDDEN TREASURE! This income producing property sets on .46 acres with over 100 ft. Direct Banana River Frontage. Two docks,boat lift and Coquina Seawall.14 units total; 2 direct river view, 1 partial view from balcony, the remaining 11 have no water view. Office, Laundry and storage are separate rooms/areas. All so close to the ocean, approx. 200ft to beach.Currently operated as Dolphin Inn, this is a turn key business. Potential for even more income!! All units nicely done, 13 of 14 have remodeled bathrooms. Guests can enjoy BBQ grills, fishing & Kayaking, 2 covered decks to enjoy beautiful sunsets, dolphins & manatees. Long-term rentals or re development potential. Close to restaurants & PAFB. More details available upon request
Appliances
Dryer: 1
Microwave: 1
Washer: 1
Association Amenities
Boat Dock: 1
Management - Live In: 1
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Wall/Window Unit(s): 1
Exterior Features
Boat Lift: 1
Flooring
Tile: 1
Listing Terms
Cash: 1
Conventional: 1
Parking Features
Carport: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Financial Data Source
Owner: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 191266
Net Operating Income: 113305
Operating Expense: 77960
Owner Pays
Other: 1
Road Surface Type
Paved: 1
Roof
Shingle: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Connected: 1
Water Available: 1
Water Source
Public: 1
Waterfront Features
River Front: 1
Showing Requirements
Appointment Only: 1
Contingency Reason
Inspection: 1
Other: 1
Historical Information
Public Historical Remarks 3: Site Location-Major Roadway: Y, Style-Efficiency/Studio: Y, Equipment/Appliances-Range: Y, Number of Buildings: 2 Buildings
Contract Information
Current Price: $975,000
Original List Price: 1300000
Sold Price: $975,000
Status: Closed
Listing Contract Date: 2015-11-30
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 2902
Street Direction Prefix: S
Street Name: Atlantic
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Status Change Information
Major Change Timestamp: 2023-11-11T03:44:22Z
Major Change Type: Price Reduced
Price Change Timestamp: 2016-04-24T23:18:15Z
Status Change Timestamp: 2016-07-05
Contingency: Active Under Contract
Purchase Contract Date: 2016-05-25
Close Date: 2016-07-01
Close Price: 975000
Property Features
Appliances: Dryer; Microwave; Washer
Association Amenities: Boat Dock; Management - Live In
Construction Materials: Block; Concrete; Stucco
Cooling: Wall/Window Unit(s)
Exterior Features: Boat Lift
Financial Data Source: Owner
Flooring: Tile
Listing Terms: Cash; Conventional
Owner Pays: Other
Parking Features: Carport
Pool Features: None
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Shingle
Special Listing Conditions: Standard
Utilities: Electricity Connected; Water Available
Water Source: Public
Waterfront Features: River Front
Contingency Reason: Inspection; Other
Showing Requirements: Appointment Only
Listing Office:
Dur-Rich Realty Inc
Last Updated: October - 23 - 2024
Information is deemed to be reliable, but is not guaranteed.